Service Properties Trust (SVC) News
Filter SVC News Items
SVC News Results
|Loading, please wait...|
SVC News Highlights
- For SVC, its 30 day story count is now at 4.
- Over the past 23 days, the trend for SVC's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- The most mentioned tickers in articles about SVC are DRH, HLT and MAR.
Latest SVC News From Around the Web
Below are the latest news stories about Service Properties Trust that investors may wish to consider to help them evaluate SVC as an investment opportunity.
Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2021 results after the Nasdaq closes on Friday, May 7, 2021. On Monday, May 10, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results.
Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has reached an agreement with a subsidiary of Hyatt Hotels Corporation, or Hyatt, to extend the termination date of the management agreement for 22 Hyatt Place hotels to May 22, 2021, versus April 8, 2021, previously. SVC and Hyatt remain in discussions regarding possible changes to the management agreement which may enable some or all of the hotels to remain Hyatt Place hotels managed by Hyatt.
With Marriott International leading the pack, these are the 10 biggest hotel companies and REITs by 12-month trailing revenue.
The hotel industry is focused on the provision of short-term lodging, including hotels and motels, as well as accommodation-related services. The hotel industry is split into two main categories of companies: C-corporation hotels, such as Marriott International Inc. (MAR) and Hilton Worldwide Holdings Inc. (HLT); and hotel real estate investment trusts (REITs), like DiamondRock Hospitality Co. (DRH) and Park Hotels & Resorts Inc. (PK). C-corp hotels generally are engaged in hotel management, branding and marketing, and sometimes franchise licensing.
If you want to know who really controls Service Properties Trust ( NASDAQ:SVC ), then you'll have to look at the makeup...
Service Properties Trust posted disappointing 4Q results, wherein it reported an FFO (Funds From Operation) loss per share. Moreover, revenues fell short of analysts' estimates. Shares of the real estate investment trust fell about 2% in Friday’s extended trading session. Service Properties (SVC) posted a FFO loss of $0.14 per share, compared to the prior-year period’s FFO earnings of $0.92 per share. Analysts were anticipating FFO earnings of $0.10 per share. Moreover, adjusted EBITDA for real estate (EBITDAre) declined 71.4% year-over-year to $65 million reflecting the negative impact of the COVID-19 pandemic. Revenues declined 53.5% year-over-year to just over $270 million and missed the Street’s estimates of $286.5 million.
Joining me on today's call are John Murray, President; Brian Donley, Chief Financial Officer; and Todd Hargreaves, Chief Investment Officer. Today's call includes a presentation by management, followed by a question-and-answer session with analysts.
NEW YORK, NY / ACCESSWIRE / March 1, 2021 / Service Properties Trust (NASDAQ:SVC) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 1, 2021 at 10:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2020.
Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has completed the transition of branding and management for 78 hotels to subsidiaries of Sonesta International Hotels Corporation, or Sonesta, from Marriott International, Inc., or MAR. Ten additional hotels are expected to transition to Sonesta by the end of March.